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Martin Lewis Says 'You Have to Break the Rules' in Call for Action
Around 22% of people with mental health issues share PINs or bank details to manage money, highlighting urgent need for safer financial support tools, charity says.
- Martin Lewis, founder and chair of the Money and Mental Health charity, urged banks and finance companies to help people who in `desperate times` feel forced to `break the rules` and called for tools to share money management safely.
- Two-Fifths of people with mental health problems have wanted help managing finances, as common symptoms like reduced memory and impulsivity make routine money tasks difficult, the charity says.
- Research shows around a fifth have resorted to sharing PINs or bank details, and a review found only seven in 18 major banks offer a carers' card for trusted persons.
- Campaigners are calling for a standard package of tools including notifications and payment controls, and the charity wants a review of the power of attorney system to improve protections.
- Kathryn Townsend said industry should provide accessible, flexible tools, noting existing technology and bank tools such as third-party access, spending alerts and limited-use cards remain underused.
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25 Articles
25 Articles
Chronicle LiveReposted by 
Plymouth Herald
Plymouth HeraldMartin Lewis says 'you have to break the rules' in call for action
The personal finance expert says the system is leaving people vulverable to fraud and abuse
·Newcastle upon Tyne, United Kingdom
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Coverage Details
Total News Sources25
Leaning Left1Leaning Right0Center22Last UpdatedBias Distribution96% Center
Bias Distribution
- 96% of the sources are Center
96% Center
C 96%
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